26
June
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CBDT extends compliance deadlines in wake of severe pandemic and announces tax exemption on ex-gratia sum received for death due to COVID-19
Due to the prevailing severe pandemic in the country, the Central Board of Direct Taxes (CBDT) has extended the time limits of certain compliances, vide Circular No. 12 of 2021 dated 25th June 2021.
CBDT announces tax exemption on ex-gratia sum received for death due to COVID-19 for FY 2019-20 and subsequent years without any limit if received by an employee from its employer but limited to Rs.10 Lakh for the amount received from any other persons. (Press Release dated 25th June 2021)
Please refer the below link to know more about the extension of time limits.
Extension of time limit summary